In a disclosure to the Philippine Stock Exchange Friday, Basic Energy identified these three projects as the Iriga, Mariveles and East Mankayan geothermal power projects.
Basic Energy earlier said that these three geothermal projects were in line with the company’s business thrust this year to look into new projects in renewable energy development and production.
Currently, the company has a planned 20 MWe Mabini geothermal power project in Batangas. While it has been continuing discussions with other companies for a potential joint venture, Basic Energy has been undertaking the necessary exploratory works within the site to fulfill its obligations under its geothermal service contract.
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